IATA Downgrades 2018 Profit Forecast 12% On Higher Fuel Costs
SYDNEY—IATA downgraded its 2018 profit forecast for the global airline industry, projecting airlines will collectively earn $33.8 billion this year, down 12% from the $38.4 billion profit predicted in Dec. 2017. Fuel costs are much higher than IATA expected when it made its previous forecast six...
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